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GGR

Gogoro Inc.

GGR

Gogoro Inc. • NASDAQ
$4.00 ▲ 1.01% (+0.04)
Market Cap $59.04 M
52w High $14.00
52w Low $3.55
Dividend Yield 0%
P/E -0.43
Volume 2.15K
Outstanding Shares 14.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $77.647M ▲ $22.981M ▼ $-14.942M ▲ -19.243% ▲ $-1.01 ▲ $11.961M ▲
Q2-2025 $65.813M ▲ $23.692M ▲ $-26.527M ▼ -40.307% ▼ $-1.8 ▼ $-502K ▼
Q1-2025 $63.621M ▼ $20.214M ▼ $-18.562M ▲ -29.176% ▲ $-1.29 ▲ $6.673M ▲
Q4-2024 $73.13M ▼ $61.809M ▲ $-71.328M ▼ -97.536% ▼ $-5 ▼ $-41.805M ▼
Q3-2024 $86.856M $29.197M $-18.244M -21.005% $-1.27 $8.082M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $119.487M ▲ $702.016M ▼ $569.749M ▼ $132.267M ▼
Q2-2025 $92.026M ▼ $755.465M ▲ $603.631M ▲ $151.834M ▼
Q1-2025 $93.279M ▼ $657.578M ▼ $499.036M ▼ $158.542M ▼
Q4-2024 $117.148M ▼ $700.427M ▼ $523.887M ▼ $176.54M ▼
Q3-2024 $119.154M $819.608M $566.045M $253.563M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-14.942M ▲ $10.488M ▼ $33.826M ▲ $-13.484M ▼ $27.461M ▲ $-7.092M ▼
Q2-2025 $-26.527M ▼ $24.068M ▲ $-68.405M ▼ $38.557M ▲ $-1.253M ▲ $8.06M ▲
Q1-2025 $-18.562M ▲ $-8.894M ▼ $-15.309M ▼ $-912K ▲ $-23.869M ▼ $-26.81M ▲
Q4-2024 $-71.328M ▼ $-3.412M ▼ $-8.201M ▲ $-26.113M ▼ $-2.006M ▲ $-63.922M ▼
Q3-2024 $-18.244M $8.508M $-74.595M $-12.539M $-77.732M $-10.279M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly flat over the last several years and has recently started to edge down rather than grow. Profitability is weak: the company generates only a slim gross profit and consistently loses money at the operating and net income levels. There were brief periods where earnings before interest, tax, and depreciation came close to breaking even, but that progress has not been sustained. Losses per share remain sizable, which underlines that the business model is still in a build‑out phase rather than a mature, profitable one. Management’s stated path to profitability is encouraging but remains a forward‑looking goal, not yet reflected in the historical results.

Balance Sheet

Balance Sheet The balance sheet shows a company with a modest asset base, meaningful use of debt, and a shrinking equity cushion. Cash on hand has been trending down from earlier levels, which limits financial flexibility if losses continue. Debt remains significant relative to the company’s size, and book equity has been declining, suggesting rising leverage and less room for error. Overall, the financial position is not distressed based on the data given, but it is clearly tighter than a few years ago and will need careful management if the transition to profitability takes longer than planned.

Cash Flow

Cash Flow Operating cash flow has bounced between slightly positive and slightly negative, indicating that the core business has not yet developed a consistently self‑funding cash engine. Free cash flow has been negative for several years because the company continues to invest steadily in equipment and infrastructure. This pattern is typical for a capital‑intensive growth model like battery swapping, but it also means the business still depends on external funding or additional borrowing to support operations and expansion. The key watchpoint is whether operating cash flow can turn reliably positive as the subscriber base grows and cost‑saving efforts take hold.

Competitive Edge

Competitive Edge Gogoro has carved out a strong niche in electric two‑wheelers, especially in its home market, where its dense network of swapping stations and large user base create powerful network effects. The battery‑as‑a‑service subscription model gives it recurring revenue and makes vehicles more affordable, while partnerships with major scooter makers extend its standard across the industry. Data from connected batteries and scooters further strengthens its position by improving service quality and reliability. On the risk side, the company still faces pressure from larger global players, copycat battery‑swapping efforts, and dependence on supportive regulation in key markets. Expansion outside Taiwan is promising but not yet proven at scale, so competitive strength is still somewhat concentrated geographically.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. Gogoro’s integrated system of smart batteries, swapping stations, and connected scooters is technically sophisticated and hard to replicate quickly. The company continues to push into new areas such as solid‑state swappable batteries, AI‑driven energy management, and a streamlined set of core vehicle platforms aimed at lowering costs and speeding product cycles. Its open platform approach, allowing other brands to plug into the Gogoro Network, reinforces its role as a de facto standard in some markets. The main uncertainties are execution risk—turning advanced prototypes into reliable, mass‑market products—and the cost of sustaining high levels of R&D while the business is still unprofitable.

Summary

Gogoro combines a strong technological story and a distinctive battery‑swapping ecosystem with financials that still reflect an early‑stage, capital‑intensive growth company. The business has meaningful competitive advantages rooted in its network, partnerships, and software, and it is pushing forward with ambitious innovations like solid‑state batteries and international expansion. At the same time, revenue momentum has softened, losses remain persistent, free cash flow is negative, and the balance sheet is under more strain than a few years ago. The central question for observers is whether the company can translate its clear technological and strategic strengths into stable growth, consistent positive cash generation, and a stronger financial foundation before funding constraints or competitive pressures bite more deeply.

NEWS

November 11, 2025 · 6:00 AM UTC

Gogoro Releases Third Quarter 2025 Financial Results

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November 4, 2025 · 6:00 AM UTC

Gogoro to Announce Third Quarter 2025 Financial Results on November 11 at 7 a.m. Eastern Time

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September 16, 2025 · 6:00 AM UTC

Gogoro Announces 1-for-20 Share Consolidation

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